Blockchain Beyond the Hype by Matthew Joseph Martin

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Blockchain Beyond the Hype: Conceptual tools for practical understanding, strategic decision making, and policy implementation         

Dates:  18.10.2019 (9.30am - 12.30pm)                                                                            
Venue: Brainstorming Room, LG 1, Securities Commission Malaysia
Accreditation: SIDC 5 CPE Approved
BY INVITATION ONLY     

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Blockchain is widely heralded as a game changing, disruptive technology—poised to transform banking, capital markets, financial services, and even operations of regulators and government. But what can blockchain actually do, and where can the real value be harnessed?
 
Harnessing the true value of blockchain requires conceptual tools to understand the challenges and opportunities unique to this domain. This interactive workshop equips participants with an essential understanding of the blockchain sphere of technology, its processes, and applications.
 
The goal of this workshop is to enable senior regulators and financial industry stakeholders to make informed planning and strategic decisions with regards to policies and regulation surrounding the blockchain industry.

  • Programme Delivery

    Target Audience

    Industries
    Senior policy makers, regulators, central bankers, and financial industry executives, especially from banking, securities, and multi-finance companies.
     
  • Programme Outline

    This workshop session genuinely answers the question “what is blockchain?” without generalizations, platitudes, or talking points. This session discusses the collection of closely related technologies that work together to form blockchain and explains precisely how blockchain works through plain language descriptions and interactive Q and A.
     
    8.30am – 9.00am Registration, Coffee and Networking 
    9.00am – 10.30am

     

    Session 1: Requisite Conceptual Tools for Understanding Blockchain

    This workshop session genuinely answers the question “what is blockchain?” without generalizations, platitudes, or talking points. This session discusses the collection of closely related technologies that work together to form blockchain and explains precisely how blockchain works through plain language descriptions and interactive Q and A.

    Main Topics Discussed

    • Digital identity and security:
      public-key cryptography

    • Data integrity and efficient verification:
      hashes and Merkel trees

    • Auditable, tamper-resistant ledger systems:
      block contents and block verification

    • System reliability and resilience using economic incentives/disincentives:
      proof of work and proof of stake mechanisms

    • Multi-party operating model:
      network consensus

    10.30am – 10.45am Coffee Break

    10.45am – 12.00pm
     

    Session 2: Crypto-Assets, Blockchain Services & Shariah Compliance

    This workshop disambiguates the different types of crypto-based assets and blockchain services while exploring the relevant shariah compliance issues that must be taken into consideration, especially from an Islamic banking, regulatory, and fiduciary institutional perspective.


    Main Topics Discussed

    • Build a working definition of major types of crypto-assets & their common usage

    • Clarify commonly used industry terms, including their use & misuse

    • Overview of shariah parameters of ownable property (mal) and Islamic money

    • Notable fatwas pertaining to cryptocurrency & group discussion on their merits/weaknesses

    • Proof-of-work versus proof-of-stake blockchain mechanisms and shariah compliance implications

    12.30 pm
    End of Programme